We’ll Tell You How to Pay off Credit Card Debt — in Just 100 Words

close up of cards in a wallet
Carmen Mandato/ The Penny Hoarder

So you’re falling behind on your credit card payments. You’re paying so much in interest every month, you can’t pay off the principal you owe. You’re just treading water financially.

If you have a lot of credit card debt, look into consolidating it. Borrow money at a lower interest rate, and use the loan to pay off the balances on your high-interest credit cards.

It’s a twofer: You save money on interest payments, freeing up cash to pay down your debt faster.

An online marketplace like Fiona will search the top lenders to find the best loan for you.

Mike Brassfield ([email protected]) is a senior writer at The Penny Hoarder. He’ll be brief.

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